At the end of a financial period, the trading
profit and loss account of a sole trader 
shows a profit of #180,000. it is however
discovered that revenue of #15,000 is
recorded as expenses while expenses of
#4,000 is recorded as revenue.

The revenue to be added as an adjustment is

Similar Questions

Which of the following is not part of the central processing unit of a computer? ...

A typewriter for office use sold for N5,000 was posted to sales account. This is an error of a ...

                        &...

In departmental accounting, when goods are sent from one department to another for sale the transact...

Which of the following is not used for determining working capital? ...

Using the following information, \(\begin{array}{c|c} & ₦ \\ \hline \text{club house} &am...

An asset was purchase for N343m in 2003. The estimated life of the asset was 3 years with a residua...

Which of the following subsidiary books involves cash movements? ...

Trading Account of Umeh Enterprises for the year ended 31st December 2019   ...

Derive the stock turnover period.(Average stock = 23,000. Cost of sales = 300,000 year = 365 days). ...